STEWART’S USE OF BEGINNING OF YEAR SECTOR WEIGHTS MAY RESULT IN AN...

4. Stewart’s use of beginning of year sector weights may result in an incorrect assessment of

sector exposures in 2004 because of changes in portfolio composition during 2004.

Part B

Describe, for each of the three statements by Ong, one

Statement

circumstance in which the statement could be correct

Note: No circumstance may be described more than once.

“Even though Foreman has a low